News

Green bond transparency in need of improvement, says S&P

People moves: Columbia Threadneedle, FTSE Russell

News briefs from COP23

Small island nation Fiji will have to spend around $4.5 billion over the next decade to prepare for rising temperatures, strengthening storms and higher sea levels.

UK public pension funds have £16bn invested in fossil fuels

Local authorities in the UK still have more than £16 billion ($21 billion) invested in fossil fuels, despite a number of high profile divestments in recent years, according to data released by a UK-based pressure group.

Geneva issues first Swiss green bond, worth CHF620m

The Canton of Geneva has issued the first green municipal bond in Switzerland, which is also the inaugural bond in Swiss Francs.

Moody's expects at least $120bn of green bonds by end of 2017

Green bond issuance reached fresh highs in the third quarter and is on track to set a new record of at least $120bn in 2017, according to Moody's Investors Service.

Climate tool for financial firms launched at COP23

A tool designed to help share knowledge about how financial firms are integrating climate considerations into their businesses has been launched at the Bonn Climate Summit.

IEA moves to incorporate SDGs in key scenario

The International Energy Agency (IEA) is replacing the '450 Scenario' in its World Energy Outlook report with a Sustainable Development Scenario.

EU ETS provisional deal will leave scheme 'close to meaningless'

A preliminary deal on reforming the European Union's carbon market was reached today, but came under fire for failing to go far enough to tackle the oversupply problems that have dogged it in recent years.

Generation finds opportunity in convergence of sustainability trends

Generation Investment Management has identified five growth areas within sustainability as part of its inaugural Sustainability Trends report.